Director/PDMR Shareholding

RNS Number : 1498X

Vodafone Group Plc

09 February 2012

 



Vodafone Group Plc ("the Company")

In accordance with Disclosure and Transparency Rule 3.1.4R(1), the Company gives notice of the following change in share interests of Michel Combes, a director of the Company:

Number of ordinary shares of US$0.113/7 ("shares")
in the capital of Vodafone Group Plc
A	B	C
Vesting of long term incentive award (1)	No. of shares sold (2)	No. of shares transferred (3)
1,017,970	529,374	488,596

(1)     This share award which was granted on 12 November 2008, has vested following assessment of the performance and employment conditions to which the award was subject.  The award was granted in accordance with the rules of the Vodafone Global Incentive Plan.  Based on the adjusted free cash flow for the three year period ended on 31 March 2011 and a multiplier based on Total Shareholder Return ("TSR") relative to a peer group for the same period, 30.6% of the shares comprised in the award have vested.

(2)     The figure in column B is the number of shares of those listed in column A that the Company has been advised by UBS Corporate Employee Financial Services International (CEFS) were sold on behalf of Michel Combes on 9 February 2012 at a price of 172.77 pence per share, inter alia, to satisfy the tax liability arising on the vesting of the award.

(3)     The figure in column C is the number of shares that the Company has been advised by UBS CEFS were on 9 February 2012, transferred to Michel Combes in satisfaction of the vesting of the award disclosed in column A.

As a result of the above, Michel Combes has an interest in 1,378,535 shares (excluding share options and unvested incentive shares).

 

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